Job Recruitment Website - Property management - How does Ontario, Canada collect RealPropertyTax property tax and how is the property tax calculated?
How does Ontario, Canada collect RealPropertyTax property tax and how is the property tax calculated?
In Ontario, Canada, every municipal government collects real estate tax from owners every year. Tax notices are issued regularly several times a year. The calculation method of real estate tax is as follows: real estate tax = estimated present value * tax rate. The specific operation of real estate tax evaluation: the municipal governments in Ontario entrust MPAC (Village Property Assessment Coordination). Make a concrete evaluation of the real estate, that is, the EstimatedCurrentValue in the above formula, and each municipal government decides the tax rate by itself, that is, the tax rate in the above formula consists of two parts: 1. Municipal government tax rate 2. Education tax rate "/zd/ym".
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